BANGKOK, Nov. 1 (Xinhua) -- The Thai economy was stable in September due to more steady private consumption and investment, and the stability trend is likely to continue for the rest of 2013, according to Bank of Thailand (BOT), the central bank.
The Bangkok Post quoted Mathee Supapongse, the central bank's senior director of Macroeconomic and Monetary Policy Department, as saying on Friday that consumption in September contracted by 1. 3 percent while private investment was stable in the month when compared to August.
He said the economic sentiment in the remaining months of 2013 was likely to improve slightly but will not show significant growth.
The BOT found that inflation eased in the month with a 1.42 percent growth year on year, compared with a growth of 1.59 percent in August, due to a slowdown in prices in all major categories.
Unemployment was also low at 0.8 percent of the total workforce while it was 1 percent in August.
He said the economy in the third quarter of 2013 showed some signs of recovery from the previous quarter as exports of some products gradually improved in line with global demand.
The tourism sector continued to grow remarkably with 2.1 million foreign visitors arriving in September, an increase of 27. 6 percent year on year, thanks to more tourists from China, Malaysia and Russia.
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